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Archive for October, 2009

Estate Agents in Harpenden and Barnet, Hertfordshire

Friday, October 30th, 2009

There are many estate agents in Harpenden and Barnet some of which offer mortgages and financial advice as well as property services. You do not have to use the in house mortgage adviser when purchasing a property through an estate agent. Some agents will offer independent financial advisers, but some will offer tied agents who don’t have access to all the available mortgage providers, lenders or insurance companies.

The best estate agents may not offer the best financial advice or at least independent financial advice. It is worth shopping around for a financial adviser that can meet all your needs when purchasing a property. You should not only consider the funding for the property, normally a mortgage but also the associated insurances that are designed to protect you, your family and your new property.

Lyndhurst have offices in Harpenden and Barnet, Hertfordshire and our experienced independent mortgage brokers have access to mortgage rates and products across the board. They will advise you of the correct mortgage to meet your individual circumstances. Their experience and knowledge of online systems will also get you that mortgage deal as quickly as possible.

If you have visited your estate agent and they have quoted for your mortgage and insurance you can always get a second opinion from us. It’s possible that we are more flexible on our fees and can obtain cheaper comparative insurance or mortgages.

If you need any help in buying and protecting your dream home give us a call 0800 435648 or send us an email admin@lyndhurstfm.co.uk.

Critical Illness Cover, some is better than none!

Thursday, October 29th, 2009

Did you know, that 89%* of homeowners surveyed believe that owning their own home is important for a reasonable standard of living. Yet only 20%* of these have a critical illness plan. It seems that, for most, owning their own home provides a great sense of security but, unless it is protected, it will be a false one.

Price is still the major barrier for those who don’t have insurance to provide in the event of a critical illness, sickness, accident or disability.

Lots of clients will quote for life and critical illness cover on the full amount of their mortgage liabilities. This can be expensive. You may not know that you can quote on a reduced amount of critical illness cover. This will bring premiums down and possibly make them affordable to you.

If you have previously had a quote and dismissed cover due to price we may have some other options for your to consider.

Consider family income benefit
It’s often cheaper than lump sum cover and may provide a safety net when you need it the most.

Consider a reduced lump sum
Some cover is better than no cover at all

If you would like to have another look at your critical illness cover and family protection please contact Adam Cook or your consultant.

*Ipsos MORI interviewed a nationally representative sample of 2,024 adults aged 16+ across Great Britain, between 11th and 16th December 2008.Interviews were conducted using an in-home face to face survey.

 

Client Referrals

Tuesday, October 27th, 2009

As anyone in business will tell you, referrals from your existing clients is the best form of marketing you can get. You may already know that we like to thank our clients when they do refer clients http://www.lyndhurstfm.co.uk/blog/wealth-management/client-referral-programme/

It always gives me a smile when one of our consultants asks me to send a gift to an existing client as a thank you, and I have been smiling this morning once again!

All you need to do to keep me smiling and be the next person to receive a thank you gift is pass our details on to the person you wish to introduce and ask them to contact us, mentioning your name.

 

Adam Cook
Head of Operations

Aviva reduces Market Value Reduction on With Profits Policies

Friday, October 23rd, 2009

We’re pleased to announce that Aviva is making further reductions to Market Value Reduction (MVR) rates from 19 October 2009.  

Aviva, formally Norwich Union has reduced its exit penalties on with profits policies bought between 1988 and last year on the back of stock market improvements in the last six months.

The reductions range from 0% to3% with the average being slightly over 1.5%.

 

The average MVR rates applying to policies are: 

Year units bought

Average MVR rate as at 1/7/09

Average MVR rate as at 19/10/09 b

1988

5%

 2%

1989

14%

12%

1990

6%

4%

1991

0%

0%

1992

1%

1%

1993

1%

1%

1994

2%

1%

1995

1%

1%

1996

3%

2%

1997

8%

5%

1998

15%

12%

1999

16%

14%

2000

20%

18%

2001

11%

10%

2002

2%

1%

2003

1%

0%

2004

2%

1%

2005

9%

6%

2006

16%

13%

2007

18%

16%

2008

9%

8%

 

To find out if this affects you favourably please contact your financial adviser.

FSA to announce new mortgage regulations

Monday, October 19th, 2009

Borrowers face a mortgage affordability test from lenders amid plans by the Financial Services Authority to step up the regulation of home loans.

Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers’ incomes.

FSA chief executive Hector Sants said that some people who got home loans in the boom would no longer be able to do so under the proposed new rules.

The mortgage industry has until 31/01/10 to comment on the announcement. RSS feed the www.lyndhurstfm.co.uk blog page for more updates.

Nationwide to offer first-time buyer incentive

Friday, October 16th, 2009

Nationwide Building Society is to launch a number of initiatives and rate cuts aimed at helping first-time buyers and customers looking to move to their next property.

The lender revealed that it will offer first-time buyers two new options designed to make it easier and cheaper for them to borrow by reducing the amount they pay upfront to secure a deal.  First time buyers can choose between a bigger discount on the reservation fee, changing from £250 to £500, or; a £250 reservation fee discount plus free legal fees.

The Society is also extending this offer to cover two additional products, the four and five-year fixed rate, therefore allowing these borrowers to choose between fixing their rate over three, four or five years or taking a tracker product over three years. 

Andy McQueen, mortgage director at Nationwide, said the combination of rate cuts, and special fee offers would help first-time buyers and seasoned home owners.

“We are reducing the amount that they need to pay upfront and so hope we have removed a barrier which may have prevented people from buying a home.”
 
“Existing Nationwide borrowers at the end of their deal will also benefit from fee and rate cuts, as well as continuing to benefit from one flat rate available up to 95% LTV on many products.”

Article Source Mortgage Solutions | 15 Oct 2009 | 15:59

 

50 plus ISA Contribution Increase

Friday, October 9th, 2009

As a client of Lyndhurst who is over 50 you should have now received a letter advising you of the changes to the ISA allowance that came into effect on 06/10/09.  If you have not received a letter and you think you should have please contact client support on 01582 715777.

In summary the change means that the 21 million people in the UK who will be aged 50 or over by 5 April 2010 can save an additional £3,000 in an ISA. This rise from £7,200 to £10,200 is an exciting opportunity that could make a real difference to your investments and a valuable chance to protect further savings from the clutches of the taxman.

Don’t forget, any money you save in an ISA is free from capital gains tax. There is also no further tax to pay on any income you receive. This means you can build up a substantial sum over the years, which you can withdraw whenever you want.

An ISA is an extremely efficient tax free savings vehicle and maximum funding of contributions should be considered in all financial planning. ISA funding can be by means of a lump sum investment or by regular contributions.

There are also some significant pension changes for people aged 50 - 55 which come into effect in April 2010. If you haven’t found out how this affects you then please contact your financial adviser now before it’s too late.

Adam Cook
Head of Operations
Lyndhurst Financial Management Limited

 

 

Harpenden - St Albans - Luton - Radlet - Barnet - East Barnet - London - Mayfair

The Property Studio Barnet - Lyndhurst Affiliate

Thursday, October 1st, 2009

Lyndhurst Financial Management Ltd have been working with The Property Studio in Barnet now for a number of years and have a good relationship with all staff especially James Higgs

James Higgs - The Property Studio Barnet

James Higgs - The Property Studio Barnet

 

The Property Studio Profile

Independent Sales & Lettings Agents

Whatever your property needs may be, at TPS you will receive a friendly service, we pride ourselves on our independence and the fact that above all else WE CARE.

What we offer…

Free Valuation Service

No Sale - No Fee - No Fixed Term

Full H.I.P. Service

Full Colour Advertising in Leading Local Papers

Properties Featured on Leading Property Portals

Experienced Friendly and Professional Staff

Property Management Services

Rent Guarantee Scheme

In-depth Tenant Referencing

Inventory Services

Deposit Protection Advice

Competitive Rates

 

Telephone:       020 8441 3030

Fax:                 020 8447 0038

Email:              enquiries@tpsbarnet.co.uk

Web:                www.tpsbarnet.co.uk

Post:                 53 Church Hill Road, East Barnet, Herts. EN4 8SY